Fed, Trump and Jerome Powell
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Warren added the next Fed chair will face a tough task proving they’re committed to central bank autonomy, as concerns grow that Trump may nominate someone more loyal to him than to economic principles.
The escalating campaign by Donald Trump against the Federal Reserve chairman is unnerving the global economy. Ron Insana and Max Chafkin discuss on The 11th Hour.
Bond powerhouse Pimco hasn’t adjusted its positions in light of Trump’s threats to push Powell out, even with the potential for dramatic moves in Treasurys if it were to happen, according to people close to the situation.
Kevin Hassett, one of President Donald Trump’s longest-serving economic aides, is the early frontrunner to replace Jerome Powell as Federal Reserve chief next year, according to people familiar with the process.
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Money Talks News on MSNTrump's Fed Chair Hunt Could Reshape Your Mortgage and Savings RatesPresident Trump's search for a new Federal Reserve chair could drastically alter interest rates affecting mortgages and savings.
The yearslong project to spruce up central bank buildings in Washington, D.C., received little attention until recently